Thomas Crossley
Research Fellow
Education
PhD in Economics, McMaster University, Canada, 1998
MA in Economics, McMaster University, Canada
BSc in Honours Biology, Queen's University, Canada
Tom Crossley is a Research Fellow at IFS and a Professor of Economics at the University of Essex.
He was previously director of the consumption and saving research sector at IFS. His research interests are Household behaviour, financial security, living standards, the design and collection and analysis of survey data.
Academic outputs
IFS Working Paper W20/2
Household borrowing and spending rise with house prices, particularly for leveraged households, but household spending is not consumption.
Journal article | Macroeconomic Dynamics
Consumption Euler equations are important tools in empirical macroeconomics. When estimated on micro data, they are typically linearized, so standard IV or GMM methods can be employed to deal with the measurement error that is endemic to survey data. However, linearization, in turn, may induce ...
Reports and comment
Observation
A special issue of Fiscal Studies launched today shows how wealth is concentrated among a small number of households, and is much more concentrated than incomes. Younger generations are on course to have less wealth at each point in life than earlier generations and inheritances do little to even ...
External publication
We use direct evidence on credit constraints to study their importance for household consumption growth and for welfare.
Presentations
Presentation
This is the presentation that Hamish Low gave at the Understanding the Great Recession: from micro to macro conference held at the Bank of England on 23 and 24 September 2015.
Presentation
An invited presentation delivered to the House Finance and Consumption Network at the European Central Bank on 19 November 2014.